DTE Energy (NYSE:DTE) Given Average Rating of “Moderate Buy” by Analysts

DTE Energy (NYSE:DTE) has received an average rating of “Moderate Buy” from the thirteen research firms that are covering the company, Marketbeat.com reports. Five research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The average 12-month price objective among brokerages that have issued a report on the stock in the last year is $135.67.

Several research firms have issued reports on DTE. StockNews.com raised shares of DTE Energy from a “sell” rating to a “hold” rating in a research report on Friday, February 21st. Morgan Stanley dropped their price objective on DTE Energy from $131.00 to $128.00 and set an “overweight” rating on the stock in a research note on Friday, November 22nd. BMO Capital Markets lifted their target price on DTE Energy from $125.00 to $135.00 and gave the company a “market perform” rating in a research report on Tuesday, February 18th. Barclays cut DTE Energy from an “overweight” rating to an “equal weight” rating and lowered their target price for the stock from $137.00 to $135.00 in a report on Thursday, February 20th. Finally, UBS Group upgraded DTE Energy from a “neutral” rating to a “buy” rating and raised their price target for the company from $129.00 to $143.00 in a research note on Tuesday, December 3rd.

DTE Energy Trading Down 0.6 %

Shares of NYSE DTE opened at $132.63 on Thursday. DTE Energy has a fifty-two week low of $103.06 and a fifty-two week high of $133.49. The company has a debt-to-equity ratio of 1.77, a quick ratio of 0.46 and a current ratio of 0.71. The company has a market cap of $27.49 billion, a price-to-earnings ratio of 19.59, a PEG ratio of 2.41 and a beta of 0.68. The business’s 50 day moving average price is $122.92 and its 200-day moving average price is $123.65.

DTE Energy (NYSE:DTE) last released its earnings results on Thursday, February 13th. The utilities provider reported $1.51 earnings per share for the quarter, topping analysts’ consensus estimates of $1.50 by $0.01. DTE Energy had a return on equity of 12.42% and a net margin of 11.27%. On average, sell-side analysts expect that DTE Energy will post 7.18 earnings per share for the current year.

DTE Energy Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 17th will be paid a $1.09 dividend. This represents a $4.36 dividend on an annualized basis and a yield of 3.29%. The ex-dividend date is Monday, March 17th. DTE Energy’s dividend payout ratio (DPR) is presently 64.40%.

Insiders Place Their Bets

In related news, SVP Joann Chavez sold 7,062 shares of the company’s stock in a transaction on Monday, February 24th. The stock was sold at an average price of $132.40, for a total value of $935,008.80. Following the transaction, the senior vice president now directly owns 14,067 shares of the company’s stock, valued at $1,862,470.80. This represents a 33.42 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CAO Tracy J. Myrick sold 1,014 shares of DTE Energy stock in a transaction dated Wednesday, February 19th. The stock was sold at an average price of $129.92, for a total value of $131,738.88. Following the sale, the chief accounting officer now directly owns 3,437 shares of the company’s stock, valued at approximately $446,535.04. This represents a 22.78 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 11,877 shares of company stock valued at $1,559,205. 0.61% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On DTE Energy

Institutional investors have recently bought and sold shares of the business. Legacy Investment Solutions LLC acquired a new stake in shares of DTE Energy in the third quarter worth $30,000. Ashton Thomas Securities LLC purchased a new stake in DTE Energy in the third quarter valued at $35,000. Prospera Private Wealth LLC purchased a new position in shares of DTE Energy during the 3rd quarter valued at about $35,000. Versant Capital Management Inc lifted its holdings in shares of DTE Energy by 890.0% in the 4th quarter. Versant Capital Management Inc now owns 297 shares of the utilities provider’s stock valued at $36,000 after buying an additional 267 shares during the period. Finally, Coastline Trust Co purchased a new stake in shares of DTE Energy in the third quarter worth about $39,000. 76.06% of the stock is owned by hedge funds and other institutional investors.

About DTE Energy

DTE Energy Company engages in the utility operations. The company's Electric segment generates, purchases, distributes, and sells electricity to various residential, commercial, and industrial customers in southeastern Michigan. It generates electricity through coal-fired plants, hydroelectric pumped storage, and nuclear plants, as well as wind and solar assets.